REAL ESTATE

Dallas -- Lucernex Technologies said Tuesday that Jack in the Box has implemented Lucernex’s store lifecycle management solution to manage its real estate portfolio, which includes more than 2,200 Jack in the Box restaurants across 19 states.

According to Lucernex, by implementing the retail version of the Lx Retail product suite, Jack in the Box can streamline its process of selecting store sites, building and opening new store locations, as well as managing existing locations to avoid time delays and save costs.

Houston -- Jacksonville, Fla.-based Regency Centers said it has leased space to two new restaurants in Houston at Fort Bend Center.

Baskin Robbins has leased 1,280 sq. ft., and The Fish Place has leased 1,380 sq. ft. of space. Both restaurants are slated to open in July.

The 97,000-sq.-ft. shopping center is anchored by Kroger alongside national retailers such as LA Fitness, Starbucks, Wendy’s, and Cato.
 

Wallingford, Conn. -- Edible Arrangements announced on Tuesday aggressive expansion plans, with the goal of opening 150 new locations in 2011, and 200 additional locations in 2012.

During the next several weeks, 19 stores are scheduled to open in 10 states and two Canadian Provinces.

Additionally, two international locations are expected to open soon in Saudi Arabia and another in Oman. Currently, Edible Arrangements has over 934 open locations, including in 10 countries outside the United States and Puerto Rico.

Woodland Hills, Calif. -- GA Keen Realty Advisors, a division of Great American Group, has been retained to assist in the marketing and disposition of 70 leased properties across 21 states operated by Metropark, which filed for bankruptcy earlier this month. Metropark’s retail properties, which range in size from 2,000 sq. ft. to 3,500 sq. ft., are concentrated in the West (California, Arizona, Colorado, Nevada and Texas) and in the East (New York, New Jersey, Pennsylvania, Georgia and Florida).

New York City -- Retail real estate columnist Jeff Green has unveiled his newest opine on Chain Store Age’s real estate community website, discussing the impact – both positive and negative – that reducing a store footprint could have on a store’s brand.

San Francisco -- Gap plans to open stores in Serbia and Ukraine later this year as its continues to expand its international operations.

The chain said Friday that it signed new deals with existing franchise partners that will put Gap stores in Belgrade and Kiev.

According to Stephen Sunnucks, the company's international president, the Ukraine is the fastest-growing retail market in Eastern Europe, while Serbia has many young customers who enjoy shopping.

Newport Beach, Calif. -- Grubb & Ellis Co. said that Cole Real Estate Investments has selected members of the company’s Retail Group to lease Whittwood Town Center, a 686,211-sq.-ft. shopping center in Whittier, Calif.

Whittwood Town Center is approximately 97% leased, with national tenants including J.C. Penney, Target, Vons, Kohl’s, PetSmart, 24 Hour Fitness and Panera Bread.

Encino, Calif. -- Marcus & Millichap Real Estate Investment Services said it has promoted Bill Rose to director of the National Retail Group.

Rose joined Marcus & Millichap’s San Diego office in September 2003 as a retail and multifamily investment specialist. He was promoted to senior associate in September 2006. He rejoined the firm in November 2009 as sales manager of the San Diego office and in November 2010 was named western regional director of the NRG.